Question: A monopoly's demand function is as follows:Q = 400 - P/2.Its total cost function is: TC = 3000 + 3Q2.What is the profit maximizing output
A monopoly's demand function is as follows:Q = 400 - P/2.Its total cost function is: TC = 3000 + 3Q2.What is the profit maximizing output if the firm charges the same price to all consumers?
Group of answer choices
80
None of the answers listed is correct.
120
60
70
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